JAPAN ELECTRONIC MATERIALS CORPORATION's share price rebounded in early September, rising sharply from the previous week to reach ¥6,760 on 10 September. The expected increase in revenue and profit, the forecast dividend increase, and buy signals from technical indicators have been cited as the factors behind the move.
The share price rose from ¥5,970 on 3 September to ¥6,760 by 10 September, an increase over 7 trading days, and recorded a 6.74% rise from the previous day on 7 September. The short-term rebound, accompanied by a wide trading range, has continued.
A MACD buy signal and a break above the 25-day moving average occurred in succession from 8 to 9 September, with multiple technical factors aligning to reinforce the rebound in early September.
In the results for the first quarter of the fiscal year ending March 2027, revenue was ¥9.6 billion and operating profit was ¥3.1 billion. Growth in demand for probe cards for memory applications and the weaker yen contributed, and revenue and profit are expected to increase for the full fiscal year as well.
The annual dividend forecast for the fiscal year ending March 2027 is ¥100, representing an expected 25.0% increase from ¥80 in the previous fiscal year. Together with the revision to the earnings forecast, this is also expected to be reflected in shareholder returns.